Zillow Zinged

Cleveland Appraisal Blog

For years, Zillow Zesimates have been zinged by real estate professionals for creating angst in the market by their unsupportable value estimates. I regularly work for investors who hire me to appraise a home they are interested in buying. Type of property – Single-Family Residential.

Role Play: Appraisers and their Intended Uses

Appraisal Buzz

Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. In truth, human appraisers fill two vitally important roles today, (1) we collect information and (2) we analyze it so it can be presented to our clients.

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Appraisal bill would combat legacy of redlining

Housing Wire

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. The post Appraisal bill would combat legacy of redlining appeared first on HousingWire.

Racial Bias in Real Estate: Is it the Appraisers’ Fault?

Appraiserblogs

In the past year, the appraisal industry has been under attack from various academics who claim “racial bias” on the part of real property appraisers providing appraisal services to lenders who provide home mortgages. appeared on Appraisers Blogs.

Appraisers Share Their Top Professional Goals for 2022

Appraisal Buzz

Appraisal industry insiders tend to agree that 2022 will generally be a good year for appraisers. As real property appraisers look ahead to the new year, we wanted to know where they plan to focus their efforts and what they will strive to achieve.

Is Now a Good Time to Become an Appraiser?

Appraisal Buzz

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.

ASC initiates appraisal standards, appraiser qualification criteria

Valuation Review

This is in conjunction with policies established by The Appraisal Foundation’s Appraisal Standards Board and the Appraiser Qualifications Board

Legal 78

Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

While commercial appraisals are a central part of evaluating real estate, the appraisal process itself can be frustrating and confusing – primarily since each assessment depends on the scope and nature of the specific property. What is an Appraisal ?

Top 6 Commercial Appraisal FAQ’s

Simonson Real Estate

So, you are getting ready to request an appraisal on a potential commercial property deal but have a few questions before you decide on what appraisal company to use. What is the Role of the Appraiser? What Standards are Appraisers Required to Comply With?

Ask an Appraiser

National Association of Realtors

Peter Gallo, Chair of the NAR's Real Property Valuation Forum presents a live form featuring a panel of residential, commercial, and review appraisers

NAR Meets with Biden's Task Force on Appraisals

National Association of Realtors

NAR’s Real Property Valuation Committee and leadership from NAR’s Fair Housing Policy Committee participated in a listening session with the Biden Administration’s Interagency Task Force on Property Appraisal and Valuation Equity (PAVE

Estate Appraisals in Massachusetts: Everything You Need to Know

Boston Appraisal

And because real estate properties are usually the most significant financial asset of the deceased, establishing their fair market value is a priority. What Is an Estate Appraisal? To do so, they need the assistance of a professional real estate appraiser.

5 Appraisal Topics Every Agent Should Know

Empire Appraisal Group

5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. Interacting With an Appraiser at a Property. Different Appraisal Requirements.

Advisory Opinion 16, a Game Changer?

Appraiserblogs

The Appraisal Foundation has issued an exposure draft for Advisory Opinion (AO) 16. Advisory Opinion 16 is Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development and Reporting. … USPAP Appraisal Reviews in 15 Minutes? $15

Law 93

Working With Your Appraiser Helps Deliver a More Reasonable Value

Simonson Real Estate

The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property—providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate. Appraisals and Property Valuations

NAR says it’s doing what it can on housing discrimination

Housing Wire

A National Association of Realtors (NAR) committee head recommended Friday that the federal standards governing real estate appraisals loosen up. Namely, appraisers should no longer have to partake in a two-year apprentice program as part of their licensing process.

Appraisals and Valuation Concerns in the Current Market

Simonson Real Estate

Since the onset of COVID, market data remains sparse for certain property types. Topics have centered around appraisals and valuation concerns in the current market environment. Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal?

Is Property Appraisal an Art or a Science?

AmeriMac

A property appraisal is a process of estimating the value of real estate. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features.

Why price per square foot is not the appraisers choice

Annarbor Appraisal

Nothing is further from the truth, unless of course, all the comparable properties considered are within a couple square feet of each other and have the same quality and condition and are in the same immediate neighborhood with no variation in the value of the site.

Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal?

Simonson Real Estate

Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate?

How to Choose a Real Estate Appraiser

McCarthy Appraisal Blog

How to Choose a Real Estate Appraiser? An appraisal is a professional appraiser’s unbiased and impartial opinion of value based on the condition of the property, prevailing real estate prices and other factors. Evaluate the appraiser’s experience.

Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

As a result, the real estate industry is progressively adopting ecology-minded trends, resulting in the gradual emergence of green buildings (both commercial and residential) across the country. Let’s explore how solar panels and other green features add value to real property.

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

Unlike a commercial real estate appraisal review, most of the answers from “Facebook experts” are not fact-based; the responses on your social media post will range from beliefs to convictions to opinions. Why Is a Commercial Real Estate Appraisal Review Required?

Real Estate Appraisals That Will Stand Up In Court, If They Had To – Minnesota

MN Real Estate Services

When Emotions Are Raw, and Trust Is Low, You Need a Real Estate Appraisal That Could Stand Up In Court If It Had To. Your client is going through divorce and there is real property involved. Legal Appraisals

The Official 2022-2023 USPAP Update Course Is Now Available Online

Appraisal Buzz

The official 2022-2023 Online Update Course for Uniform Standards of Professional Appraisal Practice (USPAP) is now available online. This is the 12th year that McKissock Learning has been the exclusive provider of The Appraisal Foundation’s national online USPAP update course.

AQB adopts criteria changes

Valuation Review

The Appraiser Qualifications Board (AQB) recently adopted a new edition of the Real Property Appraiser Qualification Criteria. The Criteria set qualification standards for real property appraisers in the United States and provide continuing education guidelines for current appraisers to maintain their appraisal license

4 Ways to Motivate Your Commercial Appraisal Team

Real Quantum

4 Ways to Motivate Your Commercial Appraisal Team. I t is no easy task to motivate your commercial appraisal team and keep their morale high during a pandemic, the holidays and Q4. The appraisers that work for you are the future of the business and the profession.

Revisiting Advisory Opinion 16

DataMaster

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. These regulations are aimed at alerting appraisers to unintentional biases they might hold.

Law 85

Probate – proceed with caution

Annarbor Appraisal

A proper assessment of the value of the decedent’s real property is particularly difficult for the layperson anyone who is unfamiliar with real estate transactions. The cost of an appraisal is minimal compared to the potential tax burden of an inappropriately provided basis.

Why Do Square Footage Disputes Arise?

Empire Appraisal Group

Many characteristics affect the appeal, marketability, and value of a property. Because dwelling size matters to everyone in the transaction—buyers, sellers, agents, appraisers, and lenders—it makes sense to encourage the understanding and use of industry-accepted terms to define size.

Investing in Commercial Property for Sale in Columbus, Ohio? The Complete Beginner’s Guide!

The Robert Weiler Company

Are you a newcomer to buying commercial property for sale in Columbus, Ohio? retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. Make Sure Your Commercial Real Estate Investment Pays Off with 5 Tips.

What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. In addition, there is no obligation to buy the property in a lease-to-own arrangement.

Uncertain future, forgetting the past

Annarbor Appraisal

Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. What about property taxes and their effect on affordability? real estate Realtors market on hold Trends

FHA Kitchen Requirements

Sammco Real Estate Appraisal Group

Built-in appliances are considered to be real property and are required by FHA however; slide-in appliances such as a slide-in stove are considered personal property and therefore are not typically required by FHA. This item is often overlooked on ‘flip’ properties where a kitchen has been remodeled but no dishwasher was installed in the intended opening. The post FHA Kitchen Requirements appeared first on Sammco Appraisal Group.

Three Types of Commercial Real Estate Obsolescence

Property Metrics

One of the unique challenges of commercial real estate investment is that markets, types of property , return expectations, and physical environments are in a constant state of change. As a result of these changes, a commercial property could be cash flow positive one day and undesirable the next due to shifts in tenant desires or some other factor. . Properties that do not have these features could be well on their way to becoming functionally obsolete.